Tag: Compliance

Bank of Nevis International has become the first Caribbean bank to implement Tookitaki’s anti-money laundering technology.

Automated relationship risk management developer Sigma Ratings has named Alexandre de Villiers as its new chief of staff – VP of operations.

Global identity verification provider ID-Pal has partnered with Keystone Property Finance, a buy-to-let lender, to bolster the latter’s onboarding for mortgage brokers and borrowers.

AI’s use in transaction monitoring has not always been welcomed, but the market is changing, and it is quickly becoming core to these processes.

Germany-based RegTech Hawk AI, which provides AML and fraud prevention technology to banks and payments companies, has secured $17m in its Series B.

Salv, which has built collaborative crime-fighting technology, has raised €4m for its seed round extension.

Just half (49%) of organisations have sufficient budget to meet their current cybersecurity needs, and 11% and only protect their most critical assets.

The mortgage space is in a rough patch. Interest rates are rising, and firms are writing fewer loans. This is likely to be the picture for the next year or two. The industry is changing and reacting to the uncertainty of the market.

AI technology has taken the world by storm. While the technology can do wonders to improve compliance processes, myths surrounding AI’s use have gained weight and forced many to reconsider using it.

Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.